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Good morning. It's Tuesday, Jan. 23, and we're covering how much aid the U.S. has sent to Ukraine, turning your grocery store bonus into a supermarket sweep, essential tips for selling a home in the spring, and much more.
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Stock Market Update
Market Performance: January 22, 2024.
Dow Jones futures edged higher overnight, along with S&P 500 futures and Nasdaq futures. General Electric (GE) headlines key earnings early Tuesday. The stock market rally continued to advance Monday as Treasury yields retreated.
The Dow Jones and S&P 500 hit fresh highs, though closing off best levels. Small caps led in a second straight day of stronger market breadth, a bullish sign. Apple (AAPL) continued to advance, reclaiming a key level and offering an early entry.
Affirm Holdings (AFRM), MongoDB (MDB), UiPath (PATH), Synopsys (SNPS) and Crispr Therapeutics (CRSP) flashed buy signals Monday.
Financial Maverick Insights
How Much Aid Has the U.S. Sent Ukraine?
Every year, the United States sends billions of dollars in aid—and much more than any other country—to beneficiaries around the world in pursuit of its security, economic, and humanitarian interests.
Since Russia’s invasion in February 2022, Ukraine has become far and away the top recipient of U.S. foreign aid. This marks the first time that a European country has held the top spot since the Harry S. Truman administration directed vast sums into rebuilding the continent through the Marshall Plan after World War II.
The Joe Biden administration and the U.S. Congress have directed more than $75 billion in assistance to Ukraine, which includes humanitarian, financial, and military support, according to the Kiel Institute for the World Economy, a German research institute. (This figure does not include all war-related U.S. spending, such as aid to allies.
However, the flow of Western aid to Ukraine looked uncertain in late 2023 as new funding measures were trapped in political logjams in both the United States and European Union.
Tips to Turn Your Grocery Store Bonus Into a Supermarket Sweep
Grocery shopping is a popular — and potentially lucrative — rewards category. But it can be a little tricky to optimize, depending on where you shop. Here are some tips to help you get the most out of your trips to the supermarket.
Know what does and doesn't qualify
You’ll generally be eligible for bonus cash back if the merchant category code, or MCC, is labeled as a grocery store. But just because a store sells groceries doesn’t mean it qualifies. If you normally buy groceries at Walmart or Target, you typically won’t earn any elevated rewards on a credit card with grocery rewards because issuers often make exceptions for such big-box stores. The same generally goes for warehouse clubs like Costco, Sam’s Club and BJs.
If you purchase groceries through a delivery app like Instacart, many issuers will still offer elevated rewards. But anytime you buy something through a third-party platform, reward earnings can get a little bit iffy. So make sure you know what does and doesn’t count as a grocery purchase on your specific card.
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